Worth Asset Management LLC Takes Position in Convergence Long/Short Equity ETF $CLSE

Worth Asset Management LLC bought a new stake in Convergence Long/Short Equity ETF (BATS:CLSE) in the 2nd quarter, HoldingsChannel reports. The institutional investor bought 36,926 shares of the company’s stock, valued at approximately $1,260,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its position in Convergence Long/Short Equity ETF by 24.6% during the first quarter. Janney Montgomery Scott LLC now owns 438,249 shares of the company’s stock worth $12,332,000 after buying an additional 86,464 shares in the last quarter. Cornerstone Planning Group LLC acquired a new position in Convergence Long/Short Equity ETF in the 1st quarter valued at approximately $822,000. Bank of New York Mellon Corp raised its holdings in Convergence Long/Short Equity ETF by 32.2% in the 1st quarter. Bank of New York Mellon Corp now owns 11,520 shares of the company’s stock valued at $324,000 after acquiring an additional 2,804 shares in the last quarter. Advisors Preferred LLC raised its holdings in Convergence Long/Short Equity ETF by 663.8% in the 1st quarter. Advisors Preferred LLC now owns 1,581 shares of the company’s stock valued at $44,000 after acquiring an additional 1,374 shares in the last quarter. Finally, Elyxium Wealth LLC lifted its position in shares of Convergence Long/Short Equity ETF by 5.3% in the 4th quarter. Elyxium Wealth LLC now owns 109,947 shares of the company’s stock worth $3,005,000 after acquiring an additional 5,512 shares during the period.

Convergence Long/Short Equity ETF Trading Down 0.7%

Shares of BATS:CLSE opened at $33.53 on Friday. Convergence Long/Short Equity ETF has a 1-year low of $24.12 and a 1-year high of $34.76. The firm has a market capitalization of $268.91 million, a PE ratio of 18.57 and a beta of 0.61. The business’s 50 day moving average is $33.94 and its 200-day moving average is $31.14.

Convergence Long/Short Equity ETF Profile

The Convergence Long\u002FShort Equity ETF (CLSE) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund establishes both long and short positions in US stocks. The actively managed fund intends to maintain a 50%-100% net long exposure. CLSE was launched on Dec 29, 2009 and is managed by Convergence.